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Company Pension
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Experting
Posts: 39 Forumite
I currently work for a UK company who offers a company pension. I have a question about contributions to the pension.
Should overtime pay be part of my contributions and my companies % contributions to my monthly payments into my pension?
I have looked around the companies pages and i cannot find any information on it.
Should overtime pay be part of my contributions and my companies % contributions to my monthly payments into my pension?
I have looked around the companies pages and i cannot find any information on it.
0
Comments
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Depends - where I used to work, some allowances were 'non pensionable' and others were. Suggest you ask / check the written contract.0
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Everywhere I have worked the % came off the basic salary. Never included overtime or shift allowance.0
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Where I work weekend overtime is pensionable while weekdays are not.0
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For our Co all O/T is included but we had to argue/negotiate for this as part of a DB closure.
I suspect it is not the norm but every scheme will have its own rules.0 -
Overtime is not pensionable where I am.0
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